98-24 Exhibits to the Agreement for the Operation of the Recycling Center - Part IV.pdf

Bond No. 873944 Bid Bond KNOW ALL MEN BY THESE PRESENTS that we _Nature’s Choice NJ, LLC the Principal, and, Evergreen National Indemnity Company, 6150 Oak Tree Boulevard Suite 440, Independence, OH 44131, the Surety, are hereby bound unto Township of West Orange, 66 Main St., West Orange, NJ 07052 the Obligee, in the penal sum of Ten Percent of the Total Price Bid; Not to Exceed Twenty Thousand and 00/100 Dollars (10% TPB; NTE $20,000.00) the payment of which we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, by these presents. WHEREAS, the Principal is herewith submitting a bid or proposal for Operation of the Township of West Orange Recycling Center, 590 Mt Pleasant Ave, West Orange, NJ for Class B Exempt Woods Class C, Exempt Compost Operation and the Recycling Convenience Center for Electronics, Scrap Metal, Tires and Class A Recyclable Materials. NOW, THEREFORE, the condition of this obligation is that if the Principal shall be awarded the contract and the Obligee shall so notify the Surety, and if within the period specified in the contract, or if no period be specified, within twenty (20) days after the Principal's receipt of notice of award, the Principal enters into a contract and gives bond for the faithful performance of the contract, then this obligation shall be null and void; otherwise, the same shall remain in full force and effect; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated. If the Obligee makes no award within (90) days of the execution date hereof, then this bond shall be null and void unless extended by written consent of Surety. No liability of the Surety shall arise hereunder unless and until the Obligee delivers written notice of a claim to the Surety. Said notification must be sent within fifteen (15) days after the alleged breach giving rise to such claim; and no suit under this bond by or for the benefit of the Obligee may be instituted sooner than thirty (30) days or later than ninety (90) days after the Surety receives such notice. Failure to act in accordance with this paragraph shall nullify and void this bond and Surety's obligations hereunder, Signed, sealed and executed this 7th day of February, 2024. Nature’s Choice NJ, LLC

lure to act in accordance with this paragraph shall nullify and void this bond and Surety's obligations hereunder, Signed, sealed and executed this 7th day of February, 2024. Nature’s Choice NJ, LLC Evergreen National Indemnity Company Principal Surety By K a By: Cyt. lan wna Steen KR caren Julie K Bowers, Attorney-In-Fact Witla tubr- Aleta Ke Witness: Witness: 7.) (f/f K sxe) Matter yastaro ‘Cillian Pezzano, Witnéss’7 BOND UNDERWRITER: Evergreen UNI, LLC 6150 Oak Tree Boulevard, Suite 440, Independence, Ohio 44131 PHONE: (440) 995-5100, FAX: (440) 995-5111